Real Estate Owned Appraisals in Mecklenburg County

For a house in foreclosure, you should recognize the difference between the market value and a "quick disposition" to know your possible charge-off liability. At Walker & Associates, we have the background in both providing snapshots of market value for our mortgage originating clients, as well as "quick sale" forecasts that consider your pressing needs.

	You need a company with the training to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Walker & Associates.

Specific challenges might be present when dealing with owners of homes in foreclosure. They could be disinclined to allow an inspection of the property. Sometimes the properties have been vandalized, unfortunately by the residents themselves. Or, it's common to discover nobody has lived in house for months or the home languishing in disrepair for long periods of time.

For a home that has already changed to REO, you typically will want to get rid of it quickly. In any case, you'll still want to consider three angles for figuring the value of the asset (or in some cases, liability):

• As Repaired. Value with the work due to make the property marketable at full market value - consistent with competing homes in the neighborhood
• As-is. The value of the home without any repairs done to it
• Quick sale. With minimal investment in repairs - to get rid of the property quickly, possibly to someone inclined to finish the job themselves